Graduate job vacancies on the rise

The UK’s biggest employers are set to take on more graduates this year, new figures suggest

January 13, 2014

A survey of the country’s 100 top graduate employers by High Fliers Research indicates they will recruit 8.7 per cent more graduates than last year – in total, around 1,400 extra people.

That will take the number of graduate vacancies back to where it was in 2007, the year before the recession prompted firms to slash their annual recruitment of university leavers.

Graduate employers in 11 out of 13 key industries and business sectors are now planning to hire more new recruits this year than in 2013.

Much of the growth in entry-level graduate jobs has come in the public sector, particularly Teach First, which will have 1,550 vacancies this autumn, and in accounting and professional services firms, such as PwC (1,200 vacancies) and Deloitte (1,000 vacancies).

Overall, the 100 employers covered by the survey plan to employ 18,264 graduates this year compared with 16,895 last year.

These employers will also offer a record number of paid work experience places this year – about 12,000 – with about two-thirds of recruiters offering them.

Internships are increasingly a stepping stone to full-time jobs with those companies, the study published on 13 January reveals.

More than a third (37%) of the posts advertised this year will be filled by those who have already done an internship at the company, the report says.

About half of recruiters said graduates who have had no previous work experience at all are unlikely to get jobs.

However, despite the improved outlook for the “class of 2014”, graduate salaries have stagnated. At these employers, the average wage was £29,000 a year, the same for the past five years.

About 10 organisations will offer salaries of £40,000 to this year’s graduates, with the most generous on offer from investment banks (median of £45,000), law firms (median of £39,000), banking and finance firms (median of £33,000) and oil and energy companies (median of £32,500).

The highest published graduate starting salaries for 2014 are at the European Commission (£41,500) and the supermarket Aldi (£41,000).

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Most Commented

question marks PhD study

Selecting the right doctorate is crucial for success. Robert MacIntosh and Kevin O'Gorman share top 10 tips on how to pick a PhD

India, UK, flag

Sir Keith Burnett reflects on what he learned about international students while in India with the UK prime minister

Pencil lying on open diary

Requesting a log of daily activity means that trust between the institution and the scholar has broken down, says Toby Miller

Application for graduate job
Universities producing the most employable graduates have been ranked by companies around the world in the Global University Employability Ranking 2016
Construction workers erecting barriers

Directly linking non-EU recruitment to award levels in teaching assessment has also been under consideration, sources suggest